Liquor Store & Lotto
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $75000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 1 - 3
Inventory 125000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will supply a training period and will remain for a period post closing.
Reason for Sale Retiring after many successful years in this particular industry.
Description Liquor store with Lotto located on an active county road of Bergen County, NJ. This thriving business is very well known throughout the community for its excellent product selection and quality service. This long established business will continue to grow with improved management. The 2012 generated a gross income of $250,000, plus an additional $11,000 of lottery. The business generates a consistent net income for the owner of approximately $75,000. This business has various displays, numerous refrigeration units, computer POS system, Lotto, phone system, etc. The facility is located in an affluent community in a modern mall setting, neighboring several other retail businesses. Due to the nature of the industry, the business has an excellent product mark up, which results in a good return for any owner operator. The present owner has decided to retire. This is an excellent business opportunity in a prime area of Northern New Jersey and must be seen to fully appreciate. The facility consists of 1,350 square feet with a full basement and an attractive store front. The store is centrally located in a mall center with 12 other businesses, which attract a large volume of daily customers and shoppers. Located in an upscale community and active commercial area of Bergen County, NJ. The facility is on a busy county road with high traffic volume. The business services a large number of working class communities who require this product.
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